Skip to main content
By

CBDT Announces Ambitious National Judicial Reference System Project

The CBDT has announced the setting up of a "National Judicial Reference System" (NJRS).

The NJRS comprises of two components, the "Appeals repository and Management System" and the "Judicial Research and Reference System".

The Appeals repository is a database of all appeals pending in the ITAT, High Court and Supreme Court. The system will enable the status of the appeals to be tracked with an alert system. The big advantage of this database is that the entire litigation history of a tax payer will be available at the press of a button.

The Judicial Research and Reference System is a database of all decisions of the ITAT, High Courts & the Supreme Court. The cases will be indexed, searchable and cross-linked. The database will also have the relevant statutory enactments, circulars etc.

There are several other interesting aspects of the NJRS which you can read in the CBDT's letter dated 29.04.2014. From the detailed description of the NJRS, it is clear that it will be a mammoth exercise, requiring the active co-operation of a number of agencies, including the judicial bodies.

It is expected that the NJRS will go-live by November/ December 2014. We wish the CBDT good luck for timely and proper implementation of the NJRS.

Comments

Post a Comment

Popular posts from this blog

CBDT Instruction No 5/2014 dated 10.07.2014

By
Dear Members,   The Hon'ble CBDT has issued Instruction No 5/2014 dated  10.07.2014 , by which the monetary limits for filing appeals to ITAT / HIGH COURT / SUPREME COURT have been revised.   The New limits are:                                  Tax effect Appeal before ITAT                                Rs.  4,00,000/- High Court                                               Rs. 10,00,000/- Supreme Court                                        Rs. 25,00,000/-   Copy of Instruction is attached for your information.
Post a Comment
Read more

DVAT – Form T 2 form when to fill, what to do?

By
DVAT – Form T 2 form when to fill, what to do? The Trade and Taxes Department Delhi has issued a notification dtd. 17/05/2013 clarifying the requirements with regard to Form - T2 applicable to Purchasers/ Importers/ Dealers who are receiving goods from outside Delhi. Applicable to Whom Dealers having GTO more than or equal to Rs. 10 crores in the FY 2011-12. Exemption Dealers dealing exclusively in Tax Free Goods need not file T2. What if the turnover was not 10 crore in 2011-12 but exceeds limit in any subsequent year? T-2 shall become applicable from such subsequent year in which T/o exceeds Threshold limit. What if Turnover is 10 crores or more in one FY for example 2011-12 And then in subsequent FYs T/o is below 10 Crores what is the liability regarding T-2? Once the dealer becomes liable he shall have to file T-2 for all times to come. Even if T/o in subsequent FY is below 10 Cro...
Post a Comment
Read more

IT : Long-term capital loss of sale of equity shares attracting STT is allowed to be set off against long term capital gain on sale of land in accordance with section 70(3)

By
IT : Long-term capital loss of sale of equity shares attracting STT is allowed to be set off against long term capital gain on sale of land in accordance with section 70(3) • Section 10(38) excludes in expressed terms only the income arising from transfer of Long term capital asset being equity share or equity fund which is chargeable to STT and not entire source of income from capital gains arising from transfer of shares. • It does not lead to exclusion of computation of capital gain of Long term capital asset or Short term capital asset being shares. • Accordingly, Long term capital loss on sale of shares would be allowed to be set off against Long term capital gain on sale of land in accordance with section 70(3). ■■■ [2015] 58 taxmann.com 115 (Mumbai - Trib.) IN THE ITAT MUMBAI BENCH 'D' Raptakos Brett & Co. Ltd. v. Deputy Commissioner of Income-tax, Mumbai B.R. BASKARAN, ACCOUNTANT MEMBER AND Amit Shukla, JUDICIAL MEM...
Post a Comment
Read more